Posts by Liam Redmond
PSA wins bid for investment in Xiamen port
[SINGAPORE] Temasek-owned port operator PSA International on Thursday (Apr 30) announced that it bagged an investment in Xiamen Container Terminal Group (XCTG) through an official public bidding process. The transaction, subject to regulatory approvals and customary closing conditions, expands PSA’s investments in Xiamen and Fuzhou in China’s Fujian province. PSA did not disclose the investment…
Read MoreMLT posts 7% fall in Q4 DPU to S$0.01819; eyes up to S$300 million in China asset sales
China assets earmarked for sale are to be offloaded into a planned renminbi fund Source link
Read MoreMarine insurance and the five powers clause in times of war
The International Union of Marine Insurance has clarified that war risk insurance for vessels and cargo is, and will remain, available in the Middle East [SINGAPORE] There was confusion at the beginning of the US-Israel attacks on Iran about insurers dropping war coverage for vessels, leaving them with no protection while transiting the conflict zone. …
Read MoreCalifornia billionaire tax proposal attracts 1.5 million signatures. Here’s what happens next
California, home to the ultra-rich in Silicon Valley and Hollywood, is embroiled in a heated fight over whether to tax billionaires to fund healthcare. This week, supporters of the proposed billionaire tax began submitting nearly 1.6 million signatures, nearly twice the number needed to qualify for the November ballot. Election officials now need to verify…
Read MoreSGX-Nasdaq dual-listing bridge to debut in mid-2026; resulting IPOs could tap EQDP funds
The changes to the Securities and Futures Act could pave the way for more tie ups between SGX and other exchanges [SINGAPORE] Plans for the much-anticipated dual-listing bridge between Singapore Exchange (SGX) and Nasdaq are going smoothly, with the launch expected in mid-2026. In an update on Thursday (Apr 30), the Monetary Authority of Singapore…
Read MoreAs Fed holds rates steady, there are divisions over what the next moves will be
Outgoing chief Powell wants to stay on as a governor mainly as a guard dog for the central bank’s continued independence THE Jerome Powell era of the US Federal Reserve is over and, with it, the latest interest rate-cut cycle. The 73-year-old oversaw the Fed’s policy decision for the last time on Wednesday (Apr 29).…
Read MoreGrab gets first Singapore-Johor ride-hail licence as ‘anywhere’ drop-off rules kick in May 4
Passengers gain the convenience of unrestricted drop-offs across Singapore and key districts in greater Johor [SINGAPORE] Grab has secured the first regulatory licence to operate cross-border ride-hailing services between Singapore and Malaysia, opening up new income streams for its platform workers. The Land Transport Authority (LTA) on Thursday (Apr 30) awarded GrabCar the inaugural Cross-border…
Read MoreTrust Bank swings to profit for the first time in March; Q1 still loss-making
Its CEO believes that the digital bank is on a sustainable path; in 2026, it will expand its current offerings and unveil new products [SINGAPORE] Trust Bank turned profitable in March 2026, swinging into the black just over three years after its launch, making it one of the fastest digital banks to do so. This…
Read MoreAustralia shares hit four-week low
Published Thu, Apr 30, 2026 · 04:14 PM [SYDNEY] Australian shares ended at a four-week low on Thursday (Apr 30), extending losses to an eighth straight session as surging oil prices stoked inflation and growth worries, while top grocer Woolworths sank over 7 per cent after warning rising costs would hit earnings. The S&P/ASX 200…
Read MoreLum Chang Creations seeks shareholders’ nod on bonus issue, lifting of MD’s share sale moratorium
To meet minimum shareholding rules, group proposing to let Lim Thiam Hooi place out up to 7.7 million shares [SINGAPORE] Lum Chang Creations (LCC) has scheduled an extraordinary general meeting (EGM) on May 25 to seek shareholder approval for a 1-for-1 bonus issue and its transfer from the Catalist board to the Singapore Exchange’s (SGX)…
Read MoreLum Chang Creations seeks shareholders’ nod on 1-for-1 bonus issue and lifting of MD’s share sale moratorium
To meet minimum shareholding rules, group proposing to let MD Lim Thiam Hooi place out up to 7.7 million shares [SINGAPORE] Lum Chang Creations (LCC) has scheduled an extraordinary general meeting (EGM) on May 25 to seek shareholder approval for its transfer from the Catalist board to the Singapore Exchange’s (SGX) mainboard. The EGM serves…
Read MoreCatalist-listed MoneyMax to transfer to SGX mainboard on May 6
The company’s placement of 53 million new shares on Monday fulfils the requirements for the move [SINGAPORE] Catalist-listed pawnbroker MoneyMax Financial Services will transfer to the mainboard of the Singapore Exchange (SGX) on May 6, it said on Thursday (Apr 30). The transfer will enhance the long-term value for its shareholders, the company said in…
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